FISCAL NOTE

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Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

The proposed bill will not increase or decrease any state expenditures.

The bill allows municipal policemens and firemens pension plans to utilize the actuarial valuations the State Treasurer's Office is mandated to provide annually to municipalities and the legislature.

If a municipal policemens or firemens pension plan would choose to use the annual acturarial valuation that the state provides to municipalities and the legislature, the local pension plan would reduce its expenditures by not having to pay for a separate actuarial valuation and thus strengthening said pension plan.